7 days in retail – 29 October 2021

7 days in retail – an at-a-glance weekly digest of things happening in the retail sector this week:

  1. Tesco website and app back up after hack attempt – shoppers had been locked out of the supermarket’s website following an outage that began on Saturday
  2. Virgin wines posts first profit as public company as customer numbers soar; reports 13.3% rise in sales
  3. Amazon warns of soaring supply chain costs as profits halve
  4. Ikea buys landmark Topshop building in London in £378m deal for the Oxford Street site
  5. 50% business rates discount announced in budget for retail sector; tax cut of almost £1.7bn
  6. Toys R Us to return to UK next year as online and stores deal struck!

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